Tough on dirty money? The UK has a way to go October 28, 2020 In 2016, the National Crime Agency estimated that £90bn is laundered via London each year. The UK government’s response was swift, with a commitment to “block dirty money flowing into Canada”. It unveiled radical plans to “overhaul the approach to tackling economic crime, with greater partnering between the government, law enforcement and [...]
Canada demands answers on reopening of Waterloo and City Line October 27, 2020 Canada’s policy chair has written to Transport for London’s commissioner seeking clarity on when the Waterloo and City Tube line will be reopened. The line – which travels directly between Bank and Waterloo stations – was closed when the country was put into the initial coronavirus lockdown in March and is the [...]
Exclusive: City Hall and government urged to tackle capital’s ‘jobs crisis’ October 27, 2020 The government and City Hall must work together to tackle the jobs crisis that is set to see more than 130,000 Londoners fall into long-term unemployment in 2020/21, a new report shared exclusively with City PM has argued. The Learning and Work Institute’s (LWI) report said Londoners had been hit particularly hard by the coronavirus [...]
Former prime minister David Cameron backs black internship initiative October 26, 2020 Former Prime Minister David Cameron is among high-profile figures who have thrown their weight behind a new initiative aimed at increasing the number of internships available to black candidates. The 10,000 Black Interns initiative, set to launch tomorrow, is designed to boost the number of paid work experience positions for young black people in major [...]
Astrazeneca shares up on Covid-19 vaccine hospital rollout reports October 26, 2020 Astrazeneca [LON:AZN] shares rose nearly 2.5 per cent today after it was reported that UK hospitals were preparing for the rollout of the first doses of its coronavirus vaccine. Staff at a major London hospital trust have been told to be ready to receive the first batches of the vaccine, which is being developed in [...]
Bank of England considering to permit banks to restart dividend payments next year October 26, 2020 The Bank of England and UK banks are reportedly “bartering” a deal that would allow banks to restart paying dividends from next year in order to boost lending and drive the economy. According to a report in The Times, the Bank of England has agreed to the change in policy as long as banks’ loss-absorbing [...]
London will find ways to adapt and thrive — as it always has October 26, 2020 Now that London has moved into even tighter local lockdown restrictions, it would be easy to be pessimistic about the future. Some have argued recently that the capital’s days as a world leading business centre are numbered due to the pandemic, our exit from the European Union, and a rising tide of protectionism across the [...]
Anti-lockdown protest: Thousands march in central London October 24, 2020 Thousands of protesters are marching in central London this afternoon over coronavirus lockdown restrictions. The anti-lockdown protest will be the fourth to take place in the capital since the start of the pandemic. London has recently moved into Tier 2 restrictions, which bans people from socialising indoors with people they do not live with. Photos [...]
Westminster City Council scraps plans to charge for pavement space October 23, 2020 Westminster City Council has scrapped plans to charge hospitality firms thousands of pounds to keep trading outside through the coming months. Earlier today City PM revealed that the Council was set to charge businesses £7 per square metre of outside space, per day, once the existing ‘al fresco’ scheme comes to an end on October [...]
Investors back London’s recovery with £1bn Kensington hotel redevelopment October 23, 2020 The £1bn redevelopment of the Kensington Forum hotel has been given the green light by planning authorities, with the investment signalling a vote of confidence in London’s recovery from the coronavirus crisis. Queensgate Investments and Rockwell were given the go-ahead for the project, which will boost the number of hotel rooms available and create 62 [...]
